https://www.taxtmi.com/caselaws?id=283734 The Tribunal overturned the Director of Income Tax (Exemption)'s rejection of registration under section 12A of the Income Tax Act, 1961 for a trust due to the absence of a dissolution clause in the trust deed and the allocation of 29% of gross receipts to religious activities. The Tribunal held that the absence of a dissolution clause alone cannot justify denial of registration and that issues related to expenditure on religious activities should be addressed during assessment proceedings, not at the registration stage. Relying on relevant case law, the Tribunal directed the grant of registration under section 12A to the appellant. en-us Mon, 22 Aug 2016 00:00:00 +0530 Thu, 10 Oct 2019 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283734 The Tribunal overturned the Director of Income Tax (Exemption)'s rejection of registration under section 12A of the Income Tax Act, 1961 for a trust due to the absence of a dissolution clause in the trust deed and the allocation of 29% of gross receipts to religious activities. The Tribunal held that the absence of a dissolution clause alone cannot justify denial of registration and that issues related to expenditure on religious activities should be addressed during assessment proceedings, not at the registration stage. Relying on relevant case law, the Tribunal directed the grant of registration under section 12A to the appellant. Case-Laws Income Tax Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283734